Investors are lapping it up and Debenhams shares have popped over 15%.

Investing.com Debenhams CEO Michael Sharp says in today's statement:

We have traded well in the first 19 weeks of the financial year with a strong performance over peak resulting in a record Christmas. This performance is evidence that our strategy is working with our customers finding our mix of products and brands both compelling and great value for money. The further improvements to our service proposition and our online presentation have delivered strong multi-channel sales growth, building on the progress we saw last year.